The US average retail price of regular gasoline decreased less than one cent last week, to US$ 3.29/gal. This is 25 cents lower than the price for the same time last year.
Prices increased one cent in the Midwest to US$ 3.23/gal., and rose less than a cent on the West Coast also, remaining at US$ 3.49/gal. The East Coast price decreased two cents to US$ 3.36/gal., and prices dropped one cent on the Gulf Coast and in the Rocky Mountains, to US$ 3.08/gal. and US$ 3.13/gal. respectively.
National average diesel fuel price was up five cents last week to US$ 3.95/gal., seven cents lower than this time last year. Prices increased in all regions except the Rocky Mountains, where prices declined less than a cent, remaining at US$ 3.86/gal. Both East Coast and Midwest prices were up seven cents, to US$ 4.07 and US$ 3.94 respectively. The West Coast price gained two cents to US$ 3.99/gal., while the Gulf Coast price increased less than one cent to US$ 3.78/gal.
US propane stocks fell 0.8 million bbls to end at 30.8 million bbls last week. This figure is 24 million bbls (43.8%) lower than last year. Gulf Coast inventories decreased by 1 million bbls. Midwest inventories rose by 0.8 million bbls. East Coast inventories decreased by 0.5 million bbls and inventories in the Rocky Mountains and West Coast decreased by 0.2 million bbls.
Propylene non fuel use inventories represented 12.2% of total propane inventories.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/07022014/us_eia_this_week_in_petroleum148/